iShares Agency Bond ETF (NYSEARCA:AGZ) Reaches New 1-Year Low – Should You Sell?

iShares Agency Bond ETF (NYSEARCA:AGZ)’s share price hit a new 52-week low during trading on Monday. The company traded as low as $106.01 and last traded at $106.11, with a volume of 7318 shares traded. The stock had previously closed at $106.26.

iShares Agency Bond ETF Stock Down 0.1%

The firm has a 50 day simple moving average of $108.00 and a 200 day simple moving average of $108.79.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Fifth Third Bancorp purchased a new stake in iShares Agency Bond ETF during the 1st quarter valued at about $224,000. Wedbush Securities Inc. bought a new stake in shares of iShares Agency Bond ETF in the second quarter worth approximately $238,000. Elevation Point Wealth Partners LLC grew its stake in shares of iShares Agency Bond ETF by 23.1% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 4,485 shares of the company’s stock valued at $492,000 after purchasing an additional 843 shares during the period. Narus Financial Partners LLC raised its stake in iShares Agency Bond ETF by 6.4% during the 1st quarter. Narus Financial Partners LLC now owns 5,730 shares of the company’s stock worth $629,000 after acquiring an additional 344 shares during the period. Finally, Checchi Capital Advisers LLC boosted its stake in shares of iShares Agency Bond ETF by 54.5% in the first quarter. Checchi Capital Advisers LLC now owns 6,623 shares of the company’s stock worth $727,000 after acquiring an additional 2,337 shares during the period. 9.74% of the stock is owned by hedge funds and other institutional investors.

About iShares Agency Bond ETF

THE ISHARES BARCLAYS AGENCY BOND FUND seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the agency sector of the U.S. government bond market as defined by the Barclays Capital U.S. Agency Index.